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Woomera Mining Ltd. ( (AU:OB1) ) has issued an update.
Orbminco Limited has completed its maiden drilling program at the Majestic North Gold Project, located in Western Australia’s Eastern Goldfields, with promising results indicating potential resource extensions. The company is finalizing the acquisition of the project, which is strategically positioned near existing infrastructure and gold resources, enhancing its potential for near-term mining operations. The board has recommended shareholder approval for the transaction, and new board appointments have been made to expedite project development and explore additional opportunities.
More about Woomera Mining Ltd.
Orbminco Limited is a company operating in the mining industry, focusing on the acquisition and development of high-quality gold assets in Tier-1 jurisdictions. Its primary focus is on gold mining projects, particularly in the Eastern Goldfields region of Western Australia.
Average Trading Volume: 618,253
Technical Sentiment Signal: Sell
Current Market Cap: A$3.66M
See more insights into OB1 stock on TipRanks’ Stock Analysis page.